Wanchain is a blockchain platform designed to make asset transfers and run dApp for the financial sector. From transfers and payment to investment and banking, Wanchain aims to replace the existing traditional banking system around the world with its cross-chain blockchain-based solution.
The Wanchain mainnet went live in January 2018. In June 2018, Wanchain 2.0 was launched, and Wanchain 3.0 came to existence in December 2018, where the BTC-ETH was moved from testnet to production.
Wanchain, before January 2018, existed as ERC-20 tokens on the Ethereum platform. Presently, Wanchain (WAN) is its own crypto coin.
On the CoinMarkerCap, WAN is at the 151st position in terms of market capitalization. The current market capitalization of WAN is $2,88,22,042. The circulating and total supply of WAN stands at 12,38,99,997 WAN and 21,00,00,000 WAN, respectively. Circulating supply is an important numerical to consider because it determines the market capitalization of a cryptocurrency.
For a given market price, the market capitalization increases with the increase in the circulating supply.
Wanchain price today, as on June 21st is $0.23419. It made an all-time high of $9.92 on May 3rd, 2018. Whereas its all-time low was $0.07575 on March 13th, 2020.
The other High / Low values for different periods is as follows:
Wanchain price has been extremely volatile since its launch. Below is the Wanchain price history chart on the Weekly time frame.
After it was enabled for trading in exchanges, the prices dropped significantly. But, from April 2018, the bull run of Wanchain began.
In a matter of a month or so, it rallied over 250 percent and also made an all-time high. But WAN failed to sustain the high and lost 96 percent of its value.
|Wanchain 1.0||January 2018|
|Wanchain 2.0||July 2018|
|Wanchain 2.0||December 2018|
|Release Wanchain Proof of Stake (PoS) research paper||Q1 2019|
|Staking Pilot April-July||Q2 2019|
|Beta testnet for Wanchain PoS||Q3 2019|
|Wanchain 4.0 - Cross-chain Integration with Enterprise Blockchain||Q4 2019|
|Next batch of ERC-20/EOS token integrations released||Q1 2020|
Focusing the market price action from 2020, it initially showed signs of an uptrend, but ended up making a brand new all-time low.
Currently, the market is retracing and is up 210 percent from the low. Wanchain price right now is trading at $0.23294. And the Wanchain price trend is positive from the past three months.
The above Wanchain price charts represent the price of Wanchain against the US dollar. In other words, the market price determines the value of 1 WAN in terms of the US dollar.
On the same note, we can calculate the Wanchain prices for other currencies as well.
The Wanchain price now in terms of the Euro region's euro is 0.2084. In the market, it will be traded with the ticker WAN/EUR. Click on the link to convert the Wanchain price to the euro.
The value of 1 Wanchain coin in terms of Great Britain pound is 0.1886. It is quoted as 1 WAN per ‘X’ GBP.
Wanchain price to GBP calculator – Click to convert Wanchain price to the pound sterling.
One Wanchain coin is equivalent to 26.92 Japanese yen. When traded, WAN will be the base currency, while JPY will be the quote currency.
For other Wanchain to JPY conversions, click on the link: Wanchain to JPY converter
Cryptocurrencies are traded against cryptocurrencies as well. For example, Wanchain is traded against coins like Bitcoin, Ethereum, and Tether.
Wanchain price right now in terms of BTC is 0.000025. That is, each WAN token is worth 0.000025 BTC.
If you wish to convert Wanchain to BTC directly, click on the link – Wanchain to BTC calculator.
As per sources, Wanchain has very recently partnered with a Malaysian based e-commerce company called PUC Berhard. Experts believe that this partnership will strengthen WAN in the blockchain space.
Recently, Wanchain Beta went live and added a new wallet feature as well. The upgrade aims to reduce the block producing time from ten seconds to five seconds.
These advancements could take WAN to a whole new level. Hence, we see great potential in Wanchain for the future.
Wallet Investors is one of the most popular websites that is involved in predicting the future price of cryptocurrencies.
According to their analysis, they have predicted that Wanchain price will fall to touch levels of $0.0127 by the end of the year 2020.
Therefore, Wallet Investors are quite bearish on Wanchain price for the upcoming months.
Crypto Ground another popular and trustworthy portal that forecasts the price of cryptocurrencies.
They make predictions weekly, monthly, as well as the yearly price of cryptos. They have forecasted that Wanchain price by the end of the year 2025 could reach $10.29.
Wanchain price could rally 4300 percent from current levels in a period of five years.
Thus, they are highly bullish on the Wanchain price on a long-term perspective.
There are possibilities of Wanchain increasing its partnership with real-world businesses. This would definitely raise the bars on Wanchain and its demand.
The adoption rate and follower ratio are expected to increase at a significant rate. With this into account, our Wanchain price prediction 2020 is $0.3717.
Having that said, if there is a delay in the partnerships, the demand will fall short of raising the Wanchain price.
Thus, on the downside, our Wanchain price expectation is $0.1694.
In the year 2022, the Wanchain community might release its subsequent version, referred to as Wanchain 4.0.
If the upgrade brings in a major advancement in the working of Wanchain, which would help the real-world businesses, then the Wanchain price could skyrocket by the end of 2022.
Thus, our Wanchain price target for the year 2022 is $1.1083. Since the time frame is about two years, we expect demand to rise in the coming years for Wanchain.
The Decentralized apps on the WAN blockchain are growing, but not at a great pace. Presently, it has been incorporated in the tourism industry like uTour, a financial protocol like Abacus, and media platforms like AllSpark.
But, its application in various other industries will take time. In the future, Wanchain plans on linking all future assets.
Wanchain even aims to enhance its privacy with the help of ring signatures. All these features and upgrades would take no less than 3-4 years to be incorporated.
Thus, if Wanchain stays committed to their work, Wanchain’s future is limitless. With these points into considerations, our prediction on Wanchain price by the year 2025 is $7.2232.
However, we cannot ignore the cons that come along. Presently, it is quite far away in ranking in terms of market capitalization. The are several other coins that are growing at an exceptional rate. If Wanchain fails to sustain in this competitive market for a period of five years, it could have an adverse effect on the prices.
Wanchain is into developing a new market of digital assets by facilitating cross-chain transfers across different networks on the blockchain.
Using cross-chain communications, Wanchain aims to address the deficiencies in the traditional financial system.
Thus, to achieve interoperability, Wanchain uses smart contracts. Lately, Wanchain technology has been implemented by some firms as well. With Wanchain's unique features and demand in real-world businesses
Wanchain Price can be a choice of investment in the cryptocurrency space.
Wanchain is created with a motive to decentralize the financial industry by moving all the assets onto the blockchain network.
The Wanchain community has been working rigorously to integrate WAN with the banking systems and has shown great progress so far because it has key features.
It was launched as an ERC-20 token but turned to become a standalone hard-fork network. Wanchain hosts dApps as it is a smart contract as well.
On the development side, the Wanchain Foundation and WANlab have been working with small businesses and developers to take the dApps community to newer heights.
With the features and development, the future of Wanchain is positioned perfectly. However, the journey to success is going to be challenging.
There is a lot more development left due in Wanchain. In the coming years, if it develops faster and much efficiently than its competitors, Wanchain can become a solid fintech company.
This would, in turn, increase demand for its cryptocurrency, and as a result, inflate Wanchain price.
Wanchain is a public blockchain that allows the development of smart contracts using a software solidity.
It is a decentralized cross-chain platform that supports ring signature-based transactions. It works on the Proof-of-Stake mechanism, unlike Bitcoin's Proof-of-Work mechanism.
With Wanchain's cross-chain platform, it is possible for any asset on the blockchain to be connected and circulated on the blockchain.
The Wanchain price right now, as the time of writing, is $0.23419. It is up 7 percent from the previous day. Over the past few days, the price has been getting rejected from the $0.25167.
The market capitalization of Wanchain is $3,10,87,523. With this market cap, it stands at the 146th position. There are over 1000 cryptocurrencies, and Wanchain is under 15% of the coins with the highest market capitalization.
However, it is significantly less than top coins like Bitcoin, Ethereum, and Tether.
Initially, Wanchain's price was trending down. From the beginning of April 2018, the Wanchain price jumped about 250 percent from the lows, in a period of 30 days or so.
However, from the very next months, Wanchain price dropped significantly, which lost 85 percent of its value and made a brand new ATL.
As mentioned, Wanchain lost 85% percent of the value in March 2020. From then, it has been recovering. It has been three months, and the Wanchain price is moving north. It is up 268 percent from the ALT.
With this and the fundamentals into consideration, the Wanchain price could possibly arise in the future.
Wanchain is a cryptocurrency, just like any other currency. It can be traded and invested in the market.
Some of the well-known places to buy Wanchain include Coinbase, Bitpanda, and Binance.
One can purchase Wanchain and store their coins using fiat currencies like the US dollar, euro, or pound of the same amount as Wanchain price
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